openPR Logo
Press release

Eyewear Market Size to Hit US$ 279.4 Billion by 2032 | Grow CAGR by 6.2%

02-20-2024 08:14 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: IMARC Group

Eyewear Market Size to Hit US$ 279.4 Billion by 2032 | Grow CAGR

The latest report by IMARC Group, titled "Eyewear Market Report by Product (Spectacles, Sunglasses, Contact Lenses), Gender (Men, Women, Unisex), Distribution Channel (Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores), and Region 2024-2032", The global eyewear market size reached US$ 159.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 279.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/eyewear-market/requestsample

Factors Affecting the Growth of the Eyewear Industry:
• Changing Fashion Trends:
Fashion trends play a pivotal role in driving the growth of the eyewear industry. As fashion continues to evolve, consumers seek eyewear not only for vision correction but also as a fashion accessory. Eyeglasses and sunglasses have become essential elements of personal style, reflecting individuality and personality. With the rise of social media influencers and celebrities endorsing various eyewear brands, consumers are increasingly motivated to purchase eyewear to emulate their favorite styles. Consequently, eyewear manufacturers and retailers must adapt swiftly to changing fashion trends, offering a diverse range of designs, colors, and styles to cater to consumer preferences. Moreover, collaborations between eyewear brands and fashion designers further fuel the demand for trendy eyewear, contributing to the growth of the industry.

• Technological Advancements:
Technological innovations have revolutionized the eyewear industry, leading to significant growth opportunities. Advancements in lens materials, coatings, and manufacturing processes have enhanced the durability, clarity, and functionality of eyewear products. For instance, the development of high-index lenses allows for thinner and lighter glasses, providing greater comfort to wearers. Additionally, the integration of digital technology into eyewear, such as blue light filtering lenses and smart glasses, addresses emerging consumer needs related to digital eye strain and connectivity. Furthermore, advancements in 3D printing technology enable customization and rapid prototyping, facilitating the production of bespoke eyewear solutions. As consumers increasingly prioritize comfort, performance, and innovation, technological advancements continue to drive the growth and competitiveness of the eyewear industry.

• Aging Population and Increasing Prevalence of Vision Disorders:
The aging population worldwide, coupled with the increasing prevalence of vision disorders such as myopia, hyperopia, and astigmatism, contributes significantly to the growth of the eyewear industry. With age, the likelihood of experiencing vision problems rises, necessitating the use of prescription eyewear for vision correction. Moreover, lifestyle factors such as prolonged screen time and environmental stressors further exacerbate vision issues among younger demographics, driving the demand for eyewear products. Additionally, growing awareness regarding eye health and the importance of regular eye examinations prompts individuals to seek corrective eyewear solutions. As a result, eyewear manufacturers and retailers benefit from a large and expanding market of consumers in need of prescription glasses, contact lenses, and other vision aids. The aging population and rising prevalence of vision disorders present lucrative opportunities for the eyewear industry to cater to diverse consumer needs and preferences, driving sustained growth in the market.

Competitive Landscape with Key Player:
• Luxottica Group S.p.A.
• Essilor International SAS
• Johnson & Johnson Vision Care Inc.
• Safilo Group S.p.A.
• Alcon Vision LLC

Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
• Spectacles
• Sunglasses
• Contact Lenses
Spectacles represented the largest segment due to their universal necessity for vision correction and the increasing demand for fashionable eyewear options.

Breakup by Gender:
• Men
• Women
• Unisex
Unisex represented the largest segment as it caters to a broader consumer base, eliminating the need for separate product lines and appealing to gender-neutral fashion trends.

Breakup by Distribution Channel:
• Optical Stores
• Independent Brand Showrooms
• Online Stores
• Retail Stores
Optical stores represented the largest segment because of their specialized expertise, wide selection of eyewear products, and personalized customer service, attracting consumers seeking professional guidance for their vision needs.

Explore Full Report with Table of Contents: https://www.imarcgroup.com/eyewear-market

Market Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Europe's dominance in the eyewear market is attributed to its higher disposable income levels, strong fashion culture, and aging population, driving demand for both prescription and fashion eyewear products.

Global Eyewear Market Trends:
The global market is primarily driven by the increasing awareness about the importance of eye health and regular eye examinations is driving the demand for prescription eyewear, including glasses and contact lenses. Additionally, the increasing adoption of eyewear for occupational purposes, such as safety glasses in industrial and construction settings, is driving market growth. Moreover, the shifting demographic, such as urbanization and rising disposable incomes in emerging economies, are expanding the consumer base for eyewear products, stimulating market growth. Furthermore, the rising environmental consciousness among consumers is prompting a shift towards sustainable and eco-friendly eyewear materials, such as recycled plastics and biodegradable acetates is propelling market growth.

Browse More Latest Reports:
• Pet Accessories Market: https://www.imarcgroup.com/pet-accessories-market
• Implantable Drug Delivery Devices Market: https://www.imarcgroup.com/implantable-medical-devices-market
• Fungicides Market: https://www.imarcgroup.com/fungicides-market
• Identity Theft Protection Services Market: https://www.imarcgroup.com/identity-theft-protection-services-market
• Musical Instrument Market: https://www.imarcgroup.com/musical-instrument-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Eyewear Market Size to Hit US$ 279.4 Billion by 2032 | Grow CAGR by 6.2% here

News-ID: 3390782 • Views:

More Releases from IMARC Group

Dental X-ray Market Research Report 2024-2032: Industry Growth, Share, Size and Forecast
Dental X-ray Market Research Report 2024-2032: Industry Growth, Share, Size and …
IMARC Group's latest report, titled "Dental X-ray Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", The global dental X-ray market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032. Dental X-rays are essential diagnostic tools that aid in visualizing the internal structures of the mouth, providing crucial
Diesel Generator Market Report 2024-2032: Growth, Sales, Revenue, Demand and Forecast
Diesel Generator Market Report 2024-2032: Growth, Sales, Revenue, Demand and For …
IMARC Group's latest report, titled "Diesel Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", the global diesel generator market size reached US$ 17.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024-2032. A diesel generator is a reliable power generation device that combines a diesel engine with an electric generator
Doors Market Size, Segment Analysis by Key Players, Growth Outlook, and Forecast 2024-2032
Doors Market Size, Segment Analysis by Key Players, Growth Outlook, and Forecast …
IMARC Group's latest research report, titled "Doors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global doors market size reached US$ 139.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 235.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032. Doors are fundamental architectural components that serve as entry and exit points in various building structures, ranging from residential
Food Traceability Market Trends 2024, Leading Companies Share, Size and Forecast Report By 2032
Food Traceability Market Trends 2024, Leading Companies Share, Size and Forecast …
IMARC Group's latest research report, titled "Food Traceability Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global food traceability market size reached US$ 20.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 41.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032. Request Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/food-traceability-market/requestsample Food traceability refers to the ability to track and

All 5 Releases


More Releases for Eyewear

Eyewear Market Trend By 2025 | Top Key Players - Marchon Eyewear, Marcolin Eyewe …
In the latest research report by Global Market Insights, Inc., the company claims that eyewear market size is poised to expand substantially. A multi-billion-dollar business space in itself, eyewear market is witnessing a slew of manufacturers expanding their footprints lately. Leading companies are bolstering their portfolios, while startups are coming to the fore. Production of eyewear has surged dramatically. According to the WHO, at least 2.2 billion people either have a blindness
Emergence of Smart Eyewear to Benefit the Global Eyewear Market
The global eyewear market is estimated to enroll at a CAGR of 5.5% during the gauge time frame. The market is required to collect an estimation of roughly USD 185 billion before the finish of 2024. The upsurge in the number of visual inadequacies and expanding mindfulness concerning eye assessments are relied upon to give a force to the development. Developing reliance on the younger age on electronic gadgets, for example,
Eyewear Market Impressive Growth By 2025 | Top Key Players - Marchon Eyewear, Ma …
In the latest research report by Global Market Insights, Inc., the company claims that eyewear market size is poised to expand substantially. A multi-billion-dollar business space in itself, eyewear market is witnessing a slew of manufacturers expanding their footprints lately. Leading companies are bolstering their portfolios, while startups are coming to the fore. Production of eyewear has surged dramatically. According to the WHO, at least 2.2 billion people either have a blindness
Global Eyewear Market Soaring at More than 7.52% CAGR to 2025 | Top key Players …
Global Eyewear Market valued approximately USD 110 billion in 2017 is anticipated to grow with a healthy growth rate of more than 7.52% over the forecast period 2018-2025. The major driving factor of global eyewear market are increasing awareness regarding eye examination, rise in percentage of population who can afford luxury goods and increasing disposable income. In addition, rising prevalence of acute myopia at younger ages, rapid
Eyewear Market Astonishing Growth| Marchon Eyewear, Zeiss, Luxottica
HTF MI recently introduced Global and Regional Eyewear Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Johnson & Johnson Vision Care, Inc., De Rigo S.p.A, Bausch
Eyewear Market Share, Status and Forecast 2025 by Players - Bausch & Lomb, March …
"The Latest Research Report 2018-2025 Eyewear Report on Global and United States Market,Status and Forecast,by Players,Types and Applications provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The report covers the analysis and forecast of the Eyewear Market on global as well as regional level. The study provides historic data of 2016 along with the forecast for the period between 2018 and 2025